Ilang economic leaders sa bansa, ibinida ang mga napagtagumpayang programa sa ilalim ng administrasyon ni PBBM
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00:00Meanwhile, some economic leaders in the country forced the successful programs under the administration of President Ferdinand R. Marcos Jr.
00:10to increase the economy of the Philippines.
00:13This is what Sujin Kim reported.
00:182.5 million Filipinos have been reduced in the number of those who are poor under the administration of President Marcos Jr.
00:24This is what Finance Secretary Ralph Recto said in a post-sauna discussion with other economic leaders in the country.
00:32This means that 10 million Filipinos are still striving to benefit from poverty and elevate the quality of life.
00:40The unemployment rate is the lowest, the underemployment rate is the lowest, more people are working, the middle class is growing.
00:50In the last two years of the administration of President Marcos Jr., the Philippines recorded a growth rate of 6.1%.
00:57Recto said that the growth rate should be maintained in the 6-7% range to meet the 9% or single-digit poverty rate in the country.
01:06Special Advisor to the President for Investment and Economic Affairs, Frederick Goh, was appointed to help create more bills.
01:13According to Goh, these are fiscal incentives to increase foreign investments or FDIs.
01:19CreateMore also helped to streamline VAT refund applications and simplify VAT provisions,
01:26while Public-Private Partnerships or PPP became key in funding flagship programs in infrastructure and energy.
01:34One-fourth of the flagship projects in the Build Better More program were supported by PPP, which has 9 trillion investments.
01:42We've been working with the President and the Bureau of Customs.
01:46This is part of our tax administration efficiency as well.
01:50And as the President said, we have a target to finish all of this within the next two years.
01:54It is wise for government to use private sector balance sheet.
01:58We will be able to get the efficiencies of the private sector.
02:02Paliwa said that the Philippines is on track to meet its fiscal targets.
02:07In fact, half of the target revenue was collected in the mid-year.
02:12Budget and Management Secretary Mina Pangandaman also thanked the departments
02:18for submitting their project and budget proposals worth 9.2 trillion pesos.
02:23We are happy to note that our Cabinet Secretaries or Department Secretaries
02:28are finally focusing and prioritizing their projects and programs.
02:33That's the big amount that they proposed.
02:35We thank them for carefully prioritizing their projects.
02:41Ms. Pangandaman was also pleased and honored with a major reform in the fight against graft and corruption
02:47when the President signed the R.A. 12009 on Saturday for the new procurement method.
02:53It's the biggest anti-graft and corruption reform in our modern history.
02:59DBM assured that the cost and quality will be ideal for the buyers.
03:05Aside from this, Anya is also about to introduce green procurement.
03:09130 start-ups in Agritech, Fintech, Edutech are supported by the Department of Trade and Industry
03:16and are expected to provide additional job opportunities.
03:20We need start-ups to promote innovation and adoption of technology in our economy
03:26in order to support the progress.
03:30The DTI is taking the lead in promoting start-ups.
03:34Secretary Pascual added that the reforms in the capital market and the so-called green lanes
03:40have given P3 trillion total investment in renewable energy, infrastructure, food security, and manufacturing.
03:48Which we can speed up the implementation of projects being done through our one-stop action center.
03:56We've been successful.
03:57In order to reduce the expenses of business owners under Executive Order 41,
04:03pass-through fees have been removed from national roads.
04:06LGUs are urging them not to collect fees from local roads.
04:11Next, the Anti-Red Tape Authority or ARTA presented their report.
04:15Undersecretary Genesis Abot said that more than 1,000 municipalities have automated their business processes.
04:22The ease of doing business has been promoted.
04:26No less than the President mentioned and said this that every government agencies and LGUs
04:31must promote the ease of doing business.
04:34When it comes to business registrations, even if it's only half an hour,
04:39ARTA's target is to halve it or make it 15 minutes by the end of the year.
04:45Sujen Kim for Pambansang TV in Bagong, Philippines.